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UNIT 6
How is Shareholder's Equity Determined?
explain accounting equation
analyze the increase and decrease in the three elements of accounting equation
calculate the amounts of the three elements (assets, liabilities or capital)
Learning Objectives
Teaching Contents
Focus on the Topic
1
Vocabulary Study
2
Reading One
3
Task-driven Practice
4
Reading Two & Writing
5
Pair Work: Discuss the following questions with your partner.
1. What are the accounting equation and its variations like?
2. How do revenue, expense and owner’s withdrawal affect assets, liabilities or capital?
3. When the amounts of any two of these elements (assets, liabilities or capital) are known, how can the third be calculated?
Focus on the Topic
1 I'd like to _____________ 1000 dollars from my savings account and put it in my cheque account.
2 The airline's insurer _____________________ damages to the victims' families.
3 We ____________ professional services to meet the clients' requirements.
4 John paid 10 dollars down and 15 dollars ______________ each month for his bicycle.
5 Nothing can ________________ the advice the doctor is able to give you.
1. The following words and phrases are from Reading One. Fill in the blanks with them and change the forms where necessary.
Vocabulary Study
withdraw
is liable for
render
on account
substitute
calculate
fundamental
substitute
indicate
pay out affect
withdraw
render
on account
be liable for
6 This decision represents the ______________ interests of the people.
7 Sleep may be important for memory and learning, and ___________ cognition in subtle ways.
8 This should allow companies better to _______________ the potential risk and returns.
9 Some corporations _________________ most of their profits in the form of dividends to their stockholders.
10 It is ____________ that asset management has become the hotspot among researchers all over the world.
1. The following words and phrases are from Readin